KWB Wealth Buys 174,609 Shares of Franklin Systematic Style Premia ETF $FLSP

KWB Wealth boosted its position in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 165.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 280,364 shares of the company’s stock after acquiring an additional 174,609 shares during the period. KWB Wealth owned 1.76% of Franklin Systematic Style Premia ETF worth $7,435,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FLSP. PNC Financial Services Group Inc. purchased a new stake in shares of Franklin Systematic Style Premia ETF in the first quarter worth $47,000. Private Trust Co. NA bought a new stake in Franklin Systematic Style Premia ETF during the second quarter valued at about $63,000. Raymond James Financial Inc. bought a new stake in Franklin Systematic Style Premia ETF during the second quarter valued at about $117,000. Ameritas Advisory Services LLC bought a new position in shares of Franklin Systematic Style Premia ETF in the second quarter worth about $143,000. Finally, World Investment Advisors grew its position in shares of Franklin Systematic Style Premia ETF by 30.2% during the second quarter. World Investment Advisors now owns 11,380 shares of the company’s stock worth $274,000 after purchasing an additional 2,642 shares in the last quarter.

Franklin Systematic Style Premia ETF Trading Down 0.3%

NYSEARCA FLSP opened at $27.35 on Thursday. Franklin Systematic Style Premia ETF has a 12 month low of $21.72 and a 12 month high of $27.43. The stock’s 50 day moving average is $26.83 and its 200 day moving average is $25.65. The stock has a market cap of $544.27 million, a PE ratio of 18.32 and a beta of 0.01.

About Franklin Systematic Style Premia ETF

The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives.